Solidarity Contracts
Along with the Redundancy Funds, since 1984 companies can apply also for Solidarity Contracts (Contratti di solidarietà): after a negotiation with the local trade unions, the company can establish contracts with reduced work time, in order to avoid dismissing redundancy workers. The state will grant to those workers the 60% of the lost part of the wage. Such contracts can last up to four years, five in the South. Since 1993, the same Solidarity Contracts can be made also by companies not entitled to Redundancy Funds. In this case, the state and the company will grant the 25% each of the lost part of wage to the workers, for up to two years.
Read more about this topic: Unemployment Benefits In Italy
Famous quotes containing the words solidarity and/or contracts:
“It is not in how one soul approaches another but in how it withdraws that I know its affinity and solidarity with the other.”
—Friedrich Nietzsche (1844–1900)
“Bankers, nepotists, contracts and talkies: on four fingers one may count the leeches which have sucked a young and vigorous industry into paresis.”
—Dalton Trumbo (1905–1976)